Bitcoin is now "too important to ignore", says Deutsche Bank [Today!] - page 2.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: janggernaut on March 19, 2021, 06:49:48 AM

We do know on yesterday Fed and Morgan Stanley also "pro" with bitcoin, with so many huge Bank supporting bitcoin (https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html)

What will be happen next with Bitcoin?

Asking out on what would be next in Bitcoin? No one really knows but these kind of recognition is simply giving out that positive vibe into the market that it can really be possibly be considered and now

it is really getting some recognition by those heavily centralized institutions.If they would really be having these kind of sentiment on continuous basis then it wouldn't be a surprise if we

would be seeing a series of similar words and might really be ending up on making the same step which would really be indicating some bullish possible trend.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

There is just one reason for all the positive accolade for bitcoin

All you hear now about adoption, big institutions buying, social media platforms opening arms for bitcoin ads and discussions everywhere about bitcoin is that it didn't collapse during the covid-19 year, 2020.

The year known as 2020, was the litmus test for bitcoin but instead of falling, it measured huge strength and taking over the negative effect of fiat contact and turned it to its positive strength. It showed advantage on this over fiat and in fact served as measures to protect further contacts.

All the fund couldn't pull the coin down including the hard times of covid-19 year. This made the plus for bitcoin, it kept raising from strength to strength and haters don't have choice anymore.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: jossiel on March 19, 2021, 03:55:32 PM

They've come to realize it now because there are huge companies that are coming in and some governments that are in favor of it but the counterpart is to regulate transactions that happens inside their country.

Quote from: orions.belt19 on March 19, 2021, 10:53:00 AM

Is this really an indication that the Big banks will be more accepting towards Bitcoin?

Not that really but more banks would come to have their own service but first, they're likely to buy chunks of bitcoin and might treat it as their bitcoin reserve supporting whatever service that they might come to it that's related to bitcoin.

They can't deny the fact that big financial institutions and big companies are continuously buying large chunks of bitcoin or integrating crypto in their system. And I believe, they feel that they are being left out if they will not join the pack. They are now seeing that even with their advice to be careful in dealing with crypto, people are continuously patronizing it. As an example given above by suzanne, if more and more people will discover this advantage of bitcoin in cross border payments, a lot of people will use this method and traditional payment methods like WU will slowly lose their clients.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

They've come to realize it now because there are huge companies that are coming in and some governments that are in favor of it but the counterpart is to regulate transactions that happens inside their country.

Quote from: orions.belt19 on March 19, 2021, 10:53:00 AM

Is this really an indication that the Big banks will be more accepting towards Bitcoin?

Not that really but more banks would come to have their own service but first, they're likely to buy chunks of bitcoin and might treat it as their bitcoin reserve supporting whatever service that they might come to it that's related to bitcoin.

orions.belt19

full member

Activity: 686

Merit: 146

Is this really an indication that the Big banks will be more accepting towards Bitcoin?

I think they have resigned to the fact that there will be increasing demand for Bitcoin. With Paypal, Mastercard and Visa plus surveys showing that many retail investors are interested in buying bitcoin, even wanting to use up their stimulus checks on crypto. This is something they can't avoid and they'll just be run over if they keep on evading. Demand is coming and adoption is slowly creeping in. It's only a matter of time when their consumers will start demand for bitcoin or crypto products otherwise they'll just venture elsewhere.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

With the growing of bitcoin now makes people or a company do not want to ignore bitcoin and let the chance to invest in bitcoin.
Maybe the company already research the advantage and disadvantage of bitcoin, so they finally invest in bitcoin before the price hit the next highest price.
The next thing that can happen to bitcoin is the price can increase furthermore and break the highest price while many people will see the power of bitcoin and make them invest in bitcoin.
But they are too late to invest in bitcoin because the price already increases so high, although they can still invest in bitcoin in a small amount.
That is lucky for people who already adopt and use bitcoin as their investment.

masterzino

hero member

Activity: 1218

Merit: 513

Quote from: janggernaut on March 19, 2021, 06:49:48 AM

Yet, at the same time, the EU is preparing one of the strictest crypto regulations in the world.

If accepted, I think the EU will leave behind with crypto startups and later will apologize as it's now the situation with semi-conductors. Will see.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

I remember another German bank (I can’t remember the exact name) writing a report maybe 1 year ago in which they predicted a BTC price of some $90 000 roughly. We should not be surprised that DB expresses itself so positively when it comes to BTC, because they have their own interest in it, just a little scratch under the surface and there is the next article -> Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage.

Yet only a few years ago they considered Bitcoin a threat, but now they have obviously changed their minds - the main reason is of course the price of BTC and the profit they can make if they start providing services with crypto. -> Deutsche Bank: Bitcoin is One of the Greatest Market Threats in 2018

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Right from the creation of Bitcoin, it already an important subject which the Banks need to integrate but they were too busy with what will be their loss in terms of money making while the government is concern about the centralization.
The IMF Boss has said already that fiat is losing it, they should support digital currency and not even at this moment that people spent 6hours to make cross border payment they (banks) will dare ignore Bitcoin.
Pandemic does show the potential of Bitcoin.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Alot of banks have been advised by a novelist (which I don't remember his name now) last year during the total lockdown that they should see Bitcoin as the way through the economic meltdown and pandemic season but they turn the deaf ear.
It is good that they now know what they are missing and I read Morgan now allows wealthy people to invest in Bitcoin through their service.
Despite all this good news. What will happen next to Bitcoin is still now certain but through this bullish season is going to be a blast.

janggernaut

legendary

Activity: 2366

Merit: 1130

With bitcoin marketcap surpassed $1trillion and still stay above that for several days, Deutsche Bank analysist said like that.

Quote

Deutsche Bank Research, the financial research subsidiary of global banking giant Deutsche Bank, issued a report devoted exclusively to Bitcoin, titled “The Future of Payments: Series 2 Part III. Bitcoins: Can the Tinkerbell Effect Become a Self-Fulfilling Prophecy?”

In the 18-page study, Deutsche Bank Research describes the basic characteristics of Bitcoin and analyzes the key drivers of its historical price growth to a $1 trillion asset.

Deutsche Bank analysts suggested that the Bitcoin price “could continue to rise” further as long as asset managers and companies continue to enter the market. The firm emphasized that central banks and governments now “understand that Bitcoin and other cryptocurrencies are here to stay” and thus are expected to start regulating them by late 2021.

https://cointelegraph.com/news/bitcoin-is-now-too-important-to-ignore-deutsche-bank-says

We do know on yesterday Fed and Morgan Stanley also "pro" with bitcoin, with so many huge Bank supporting bitcoin (https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html)

What will be happen next with Bitcoin?

Topic: Bitcoin is now "too important to ignore", says Deutsche Bank [Today!] - page 2. (Read 294 times)